More terms
3(c)(7)
A private fund exclusion for pooled vehicles whose investors are limited to qualified purchasers and that satisfy the other Section 3(c)(7) conditions.
What traders should verify
For 3(c)(7), inspect the legal structure, adviser and Form ADV, investor eligibility, strategy, holdings, fees, leverage, liquidity, conflicts, and reporting date.
Do not conflate
The label 3(c)(7) does not by itself establish registration status, current holdings, liquidity, risk, performance, or investor eligibility.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.